The Association of Asia Pacific Airlines (AAPA) released preliminary financial data revealing a strong recovery for the region’s airlines in 2023. This follows three challenging years of losses due to the COVID-19 pandemic. The resurgence of travel in 2023, fueled…
Macroeconomic uncertainties and headwinds are to blame as to why Virgin Atlantic expects to return to profitability not this year but only in 2024. The economic situation in its home market in the UK will be worse than expected, notwithstanding…
JetBlue is looking back on a positive Q1, with record-high revenues that helped it to reduce losses year on year. With strong revenue growth to continue in Q2 and the rest of the year, the US carrier says it is…
UPDATE – Lufthansa Group returned to profitability in 2022 and has left the Covid-crisis behind it. The airline group reported a consolidated net profit of €791 million, which puts its ahead of its main European rivals Air France-KLM (€728 million) and International…
Air Canada returned to profitability in the final quarter of 2022, producing its first profit since Q4 2019. Although the full year was still loss-making, the carrier more than halved its net loss. The airline is expecting a “solid demand environment…
Wizz Air is fully focused on improving operational performance in its next financial year 2024, which starts on April 1. It wants to get utilization hours back to pre-pandemic levels and eliminate any cost disadvantages to get unit costs down,…